The key words seem to be:
A broadband Internet access service provider may not unjustly or unreasonably—
‘‘(1) block, interfere with, or degrade an end user’s ability to access, use, send, post, receive, or offer lawful content (including fair use), applications, or services of the user’s choice;
‘‘(2) block, interfere with, or degrade an end user’s ability to connect and use the end user’s choice of legal devices that do not harm the network;
‘‘(3) prevent or interfere with competition among network, applications, service or content providers;
‘‘(4) engage in discrimination against any lawful Internet content, application, service, or service provider with respect to network management practices, network performance characteristics, or commercial terms and conditions;
‘‘(5) give preference to affiliated content, applications, or services with respect to network management practices, network performance characteristics, or commercial terms and conditions;
‘‘(6) charge a content, application, or service provider for access to the broadband Internet access service providers’ end users based on differing levels of quality of service or prioritized delivery of Internet protocol packets;
‘‘(7) prioritize among or between content, applications, and services, or among or between different types of content, applications, and services unless the end user requests to have such prioritization;
‘‘(8) install or utilize network features, functions, or capabilities that prevent or interfere with compliance with the requirements of this section; or
‘‘(9) refuse to interconnect on just and reasonable terms and conditions.
‘‘(d) REASONABLE NETWORK MANAGEMENT.—
‘‘(1) IN GENERAL.—Nothing in this section shall prohibit a broadband Internet access service provider from engaging in reasonable network management.
‘‘(2) REASONABLENESS PRESUMPTION.—For purposes of this section, a network management practice is presumed to be reasonable for a broadband Internet access service provider only if it is—
‘‘(A) essential for a legitimate network management purpose assuring the operation of the network;
‘‘(B) appropriate for achieving the stated purpose;
‘‘(C) narrowly tailored; and
‘‘(D) among the least restrictive, least discriminatory, and least constricting of consumer choice available.
There are so many holes in this set of statements that one could drive all the trucks that GM makes through it. What do the words mean? Litigation would ensue for decades while costing the consumer billions to pay for it while delaying any progress to the development of service.
The market will play this one out. There are tons of competitors and with wireless just peaking its head up with 4G, LTE et al, then just let the market work!